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Blossom Corporation has outstanding 9,100 shares of $100 par value, 6% preferred stock and 58,100 shares of $10 par value common stock. The preferred stock

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Blossom Corporation has outstanding 9,100 shares of $100 par value, 6% preferred stock and 58,100 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Blossom declares a cash dividend of $312,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ How much dividend will the common stockholders receive? Common stockholders would receive $ (b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ How much dividend will the common stockholders receive Common stockholders would receives

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